Branch² Intelligence
Solar Industries shares could fall 43% projects Kotak in bearish call; Stock slips
Key takeaway
Kotak projects 43% downside for Solar Industries shares, citing overvaluation.
- Step 1Kotak issues bearish call with 43% downside target for Solar Industries.
- Step 2Stock price falls, increasing cost of equity and potentially triggering margin calls if promoters have pledged shares.
- Step 3Sector-wide re-rating as investors reassess valuations of Indian defence and explosives companies.
Source: CNBC TV18 (Markets)
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